Register
Someone help meeeeeeeeeeee Edgar has $7,000 in an account that earns 15% interest compounded annually. To the nearest cent, how much interest will he earn in 3 years?
256,688 views
3 votes
3 votes
Someone help meeeeeeeeeeee Edgar has $7,000 in an account that earns 15% interest compounded annually.

To the nearest cent, how much interest will he earn in 3 years?

User Istrel
by
3.4k points

2 Answers

23 votes
23 votes
The answer is 10,150
User Sudhi Ramamurthy
by
2.5k points
10 votes
10 votes

Answer:

10,150

Explanation:

Multiply 0.15 by 3

add 0.45 to 1.00

multiply 1.45 by 7000

User Juan Pablo G
by
3.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

Can anybody tell me what’s going on here?
Granola costs $1.76 per pound. Write and solve an equation to determine the number of pounds p of granola that can be purchased with $7.04. The equation is: The value of x is
Evalute 8a -1+0.5b when a =1/4 and b= 10 how dose this work i need help..
PLZ needed now plz URGENT!
HELP PLEASE, I NEED THE ANSWER QUICKLY
Link Copied!